From Nasdaq: 2025-04-03 21:30:00

Tesla’s first-quarter deliveries dropped by 13% to 336,000 vehicles, with production down 16% year over year. Energy storage product deployments increased by 156% with 10.4 GWh delivered in Q1. The delivery slump was attributed to production interruptions related to the new Model Y SUV rollout.

Despite the delivery shortfall, Tesla’s financial position remains strong with ample cash reserves and attractive profit margins. Analysts have lowered share price forecasts, but the company’s market position among EV makers is solid. The lower-priced Model Y is expected to attract budget-conscious consumers.

Tesla’s upcoming events include its first-quarter financial report on April 22 and the launch of vehicle sales in Saudi Arabia on April 10. They also plan to roll out a fully self-driving taxi service in Austin in June. Investors can stay updated with the Market Minute newsletter.

The stock initially dropped after the delivery announcement due to political backlash against Elon Musk’s involvement in the Trump administration. However, rumors of Musk leaving his position led to a 5% gain. Tesla will provide more details during the Q1 financial report on April 22, and a webcast will follow at 4:30 p.m. Central time.



Read more at Nasdaq: Tesla Delivery Numbers Q1 2025: What Investors Need to Know